North Carolina High Court Denies Petition In Dispute Over Reimbursement Denial

Mealey's (October 10, 2019, 9:55 AM EDT) -- RALEIGH, N.C. — The North Carolina Supreme Court on Sept. 25 denied an auto insurer’s petition to review the state’s insurance commissioner’s decision reversing the North Carolina reinsurance facility’s denial of reimbursement to the insurer for an $11 million bad faith settlement (The North Carolina Reinsurance Facility v. Mike Causey, et al., No. 261P19, N.C. Sup., 2019 N.C. LEXIS 953)....